FIRMPROFILE

At Baker Tilly we are determined to bring long-lasting value to our clients, by delivering audit, accounting andadvisory services with integrity and objectivity, both

nationally and regionally.

About UsBaker Tilly traces its roots back to April 2001, when Phibion Gwatidzo founded Gwatidzo and Company Chartered Accountants in Harare, Zimbabwe, which became an independent member of Baker Tilly International in May 2007. We amalgamated with Ziumbe and Company Chartered Accountants January 2009, changing our name to Baker Tilly Gwatidzo in June 2010 and finally adopting Baker Tilly as our trading name February 2017.

Today, we have a network of firms operating in Botswana,Malawi, Zambia and Zimbabwe, with seven full time partners supported by more than a hundred staff members in four countries.

Welcome from the CEO

Our Offices

Baker Tilly International

Management Structure

Our Services

Our Collaboration Capability

Regional Team

Success Factors

The Company We Keep

Accolades

Inside the Profile

Quality is never an accident. It is always the resultof high intention, sincere effort, intelligent direction,

and skillful execution. It represents the wise choiceof many alternatives.

William Adelbert Foster

We Can Help You Improve

34578

1011181920

3

WelcomeBusinesses today are faced with increasingly complex chal-lenges, changing Government regulations, emerging indus-tries and advancing technology. With such a complex and challenging environment, clients need focused, informed and responsive professional advisors. Following Baker Tilly Gwatidzo name change to Baker Tilly, I take the pleasure of welcoming you to our professional advisors community.

The Baker Tilly brand, reflects the firm's client focused and partner led approach aimed at delivering total client satis-faction and a desire to offer a seamless service, what we stand for and the experience clients can expect when work-ing with us. Our goal is further realised by enhancing our network through the countries we operate. Representing the Baker Tilly brand in our marketplace enhances our abili-ty to provide clients with the seamless support they need as they grow regionally and internationally.

Baker Tilly International is poised to satisfy its clients demand for international capabilities from their advisors, Baker Tilly provides this through its independent member-ship.Phibion Gwatidzo

Group Chief Executive Officer

Our peculiar dedication to our clients sets us above the competition; we are prepared to make our best resourc-es available to you, regardless of your market share. That is our commitment which is embedded in our leader-ship, behaviour and our values.

Today, Baker Tilly is the independent member firm of Baker Tilly International in Botswana, Zambia and Zim-babwe with over a 100 staff members in five offces.

Our teams of competent professionals create an atmosphere essential for controlled growth. You are invited to join our community, a community of empowered staff, satisified clients and global relationships. We boast in God's faithfulness, our clients' support and professional teamwork, our commitment to growth and faith in our ability to grow.

REGIONALOFFICES

ZimbabweHARARE

ZambiaLUSAKA

BotswanaGABORONE

MALAWILILONGWE

Staff Levels TotalAudit

RelatedServices

Partners 6 1 7 Managers 10 5 15

Professional staff 79 8 87

Admin and support staff 12

TOTAL 95 14 121

NonAudit

4

Great Firms, Outstanding Network

Baker Tilly InternationalBaker Tilly International is one of the world's leading networks of inde-pendently owned and managed accountancy and business advisory firms united by a commitment to provide exceptional client service.

Every day, 30,000 people in 147 countries share experiences and expertise to help privately held businesses and public interest entities meet challeng-es and proactively respond to opportunities.International capability and global consistency of service are central to the way we work.

Globally MindedExperts across a wide range of industry and business sectors, each Baker Tilly International member firm combines high quality services and in-depth local knowledge.

Our people are more than just accountants. They make it their business to know and understand their clients' long-term ambitions, anticipating and responding to challenges as their clients pursue opportunities.

126 independent firms come together across four geographic areas. Sharing knowledge and resources, our business approach brings together the power of the global network to deliver exceptional results to clients globally.

5

At the heart of Now, for tomorrow isour commitment to make a differencefor our clients, our people, ourcommunities and our profession.

7

Our Team

Partners and the Executive Management Committee make up the Baker Tilly Management Structure with all the partners quali�ed chartered accountants whose responsibility is strategic planning and governance of the �rm.

The partners are as follows:

Phibion Gwatidzo ACPA (Botswana), CA (Z), FZICA Samuel Njanji MBL, ACPA (Botswana), CA (Z)Fungai Nyagwaya CA (Z), CFE Courage Matsa CA (Z)Tapiwa Murambinda CA (Z)

Associate PartnerNoah Ziumbe CA (Z), MBL Darwin Shinde FCCA, FZICA, CPA (Canada)

Name Quali�cationPhibion GwatidzoChief Executive Officer andPartner in charge of growth strategy

Certified Accountant BotswanaChartered Accountant Zimbabwe

AZICA Zambia

Samuel NjanjiDeputy CEO andPartner in charge of operations

Certified Accountant BotswanaChartered Accountant Zimbabwe

Fungai NyagwanyaRegional Technical Partner

Chartered Accountant ZimbabweCertified Fraud Examiner

Courage MatsaPartner in Charge of Zimbabwe

Chartered Accountant Zimbabwe

Tapiwa MurambindaPartner in Charge of Advisory

Chartered Accountant Zimbabwe

Richard Mandeya Director of Assurance

AZICAChartered Accountant Zambia

Tariro MtasaHead Legal and Compliance

Bachelor of Law South Africa

Trevor SamusodzaPractice Director FMS

Chartered Accountant ZimbabweFCCA, ACTA

Cade ZvavanjanjaDirector

Cyber security & forensic

The regional team for Botswana, Malawi, Zambia and Zimbabwe:

Baker Tilly is registered with the Botswana Institute of Chartered Accountants (BICA), Public Accountants and Auditors Board (PAAB) in Zimbabwe, Zambia Institute of Chartered Accountants (ZICA).

Various heads of departments and other managers consti-tute the Executive Management Committee and are responsible for the operations of the firm chaired by Mr Phibion Gwatidzo. A weekly review of operations and quarterly meetings with the Partners ensures efficiency in our daily operations.

Management Structure

8

At Baker Tilly we are inspired to assist all our clients in reducing Enterprise Risk, Fraud, Leakages, Losses, Reputa-tion Risk, Tax Penalties in a bid to maximise investor interest and business profitability. Internal control evaluation is a power-ful tool through which business process re-engineering can be based on, to improve efficiency. We have over twenty years' experience in working with Tax Regulators, which has assisted us in staying abreast with legislation amendments thus making us relevant to all our clients for the purposes of Tax Issues in Zimbabwe, Zambia, Botswana and Malawi.

Our services are tailored for growth, credibility, profitability and tax compliance; to ensure our clients enjoy healthy cash flows, practice good governance and up-to-date internal controls. In some cases, we facilitate organisations in funding initiatives by providing financial accounting, reporting and various value added services to ensure transparency and relevance of their bid proposals for funding.

We are informed and thus our personnel are responsive, professional and able to work in partnership with all our clients equipped for business growth. Our partner-led model ensures that all our clients are met with efficiency for timely delivery of financial data, further emphasising our unparalleled track record in the industry.

Our services span through auditing, advisory, tax and manage-ment services, specified as follows:

Our Services

9

01

• Financial and systems Audits.• Compliance Audits.• A133 Audits.• Management Audits.• Agreed Upon procedures.• Financial Reporting Advisory.• Financial Reporting Support.

Audit and Assurance

02

03 05

04

06

07

08

09

• M&A.• Private Equity.• Due Diligence.• Financial Modelling. • Valuation.• Fund Raising & Credit Enhancement.• Private Placement.• Project proposal and Finance. • Business Planning

Corporate Finance

Enterprise Risk

• Risk Management.• Fraud Solutions.• Governance, Risk & Control. • Internal Audit.• Technology Risk Solutions. • Policies & Procedures• Strategy consulting

Accounting &Business Advisory• Management Accounting.• Payroll.• Financial Accounting.• Financial Reporting Advisory.• Cash flow management.• Company secretarial services.• Budgeting.

Restructuring &Recovery• Corporate Restructuring.• Liquidations.• Judicial Management.• Schemes of arrangement.• Estate Administration.• Monitoring & Evaluation.

Legal• Drafting Legal Agreements.• Investment advisory.• Estate planning.• Legal due diligence.• Nominee services.

• M&A.• Baseline Survey.• Logical frameworks.• Capacity building.• Results Based Management. • Results Based Financing.• Institutional Development.

Learning

Taxation• VAT.• Income tax.• Customs and Excise.• Tax Planning.• International tax.• Transfer pricing.• Transaction structuring.• Tax audits. • Compliance reviews.

Cyber Security• Penetration tests.• Vulnerability Assessments.• IT Audit.• Audit Point Correction.• IT Security Consultancy.• IT Administrators and User Training.

Our Key Areas

10

Our strength is the structure of the network and our members flexibility. This platform allows members to share knowledge, skills and resources in order to provide consistently high level

services, locally and internationally.

Our collaboration with Baker Tilly International improves the quality of our service and increases our ability to meet goals of this unique nationalproject, including special analysis and application of unique models.

Our Collaboration Capability

11

Regional Team Our CEO

Phibion GwatidzoCA(Z), ACPA (Botswana), AZICA (Zambia)

Regional Chief Executive Officer

He is the founder of Gwatidzo and Company Chartered Accountants in Harare, Zimbabwe, which became an independent member of Baker Tilly International in May 2007. Under his leadership Gwatidzo and Company amalgamated with Ziumbe and Company Chartered Accountants in January 2009, following which in June 2010 it became Baker Tilly Gwatidzo and finally adopting Baker Tilly as a trade name, February 2017.

Mr Gwatidzo serves on the Institute of Chartered Accountants of Zimbabwe Auditing and Professional Standards Committee and is a director of several companies. Among other responsibilities he is Chairman of the Zimbabwe Wild-life Ecological Trust, Chairman of Dawn Properties Limited and sits on the board of Engen Petroleum Zimbabwe PL, Mail & Guardian Limited, South Africa and is a Trustee of Hands of Hope, and also he spearheads Business Development at Baker Tilly.

He holds Degrees with Honours in Accounting Science from the University of South Africa, served his articles with Deloitte & Touché Harare to qualify as a Chartered Accountant in 1991. He has for twenty-eight years practised in Accounting, and for twenty-three years in Public Accounting and Auditing, and over twenty years’ experience in the audit of Public Companies, Private Com-panies, Financial Institutions, Educational Institutions, Public Enterprises and Public Institutions

He was recognised by the Zimbabwe Business Leadership Awards as the Busi-ness Leader of the Year 2015 and currently serves as the chairperson of the Baker Tilly International TM Africa Coordination Committee.

Our Partners

Samuel has extensive experience in the audit of Public Companies, Private Companies, Financial Institutions, Educational Institutions, Public Enterprises and Not for Profit Organizations.He is guiding and leading our regional operations across our regional offices in Botswana, Malawi Zambia and Zimbabwe, he has conducted audit and consulting assignments in the non-profit sector, for both the donors and the beneficiaries of the funds, partic-ularly in the framework of international projects managed by NGOs and associations.

He holds a Bachelor of Accounting Science Degree and an Honours Bachelor of Accounting Science Degree both from the University of South Africa. Samuel holds Bachelor of Accounting Science Degree and an Honours Bachelor of Accounting Science Degree and a Master of Business Leadership Degree all from the University of South Africa

He qualified as a Chartered Accountant in 2013 after serving articles with Baker Tilly in Harare and is entitled to use the designation Chartered Accountant (Zimbabwe). He serves on the Botswana Institute of Chartered Accountants' Training and Professional Development and Practice Review Committees.

Samuel was recently appointed Regional leader, Govern-ment and Not for Profit Industry Group of Baker Tilly Inter-national.

Samuel NjanjiCA (Z), ACPA (Botswana)

Deputy CEO and Head of Regional Operations

Courage G. Matsa CA (Z)

Partner in Charge of Zimbabwe

Courage has direct oversight for Baker Tilly Zimbabwe, and holds a Bachelor of Accounting Science Degree and an Honours Bachelor of Accounting Science Degree from the University of South Africa. He qualified as a Chartered Accountant in 2015 with Baker Tilly Harare.

He has more than eight years’ experience in the Audit of Public Companies, Private Companies, Financial Institu-tions, Educational Institutions, Public Enterprises and Not for Profit organizations.

12

Our Partners

Fungai serves on the Institute of Chartered Accountants of Zimbabwe Auditing and Professional Standards Committee. He holds a Bachelor of Accounting Degree from Africa University and an Honours Bachelor of Accounting Science Degree from the University of South Africa. A qualified Chartered Accountant, 2009 and made partner in 2014, with over twelve years’ experience in Accounting, Public Accounting and Auditing, Audit of Public Companies, Private Companies, Financial Institu-tions, Educational Institutions, Public Enterprises, Gov-ernment Departments, Not for Profit Organizations and Public Institutions all served at Baker Tilly Gwatidzo. He is our regional technical partner.

Fungai NyagwayaCA (Z), CFE

Regional Technical Partner

Tapiwa MurambindaCA (Z)

Partner in Charge of Advisory

Tapiwa qualified as a Chartered Accountant in 2015 after completing his articles of clerkship with Baker Tilly in Harare, Zimbabwe.

He has also worked for Deloitte Central Mediterranean (Malta & Italy, Europe) as an audit manager where he handled a portfolioof clients in financial services including Fund Managers, Financial Holding Entities, Conglomerates and Asset Management Companies. He rejoined Baker Tilly as an advisory services manager and has the overall responsi-bility for the delivery of our professional advisory services across the firm.

Tapiwa holds a Bachelor of Accountancy Honours degree from the University of Zimbabwe, an Honours Bachelor of Accounting Science degree from the University of South Africa and he has also been awarded a Certificate in Investments by the CFA Institute. He has continuously developed keen interest in finance and investments since starting his career with the Mining Industry Pension Fund. He bringsto the firm a wealth of experience in investments, financial reporting as well as audit and assurance services in both private and public sector entities.

13

Darwin ShindeFCCA(UK), FZICA (Zambia), CPA (Canada),

CISA, MBA (Financial Services)Associate Partner

Darwin has vast experience in business assurance services, corporate finance, accounting, company secre-tarial, accounting systems analysis & amp design, and general business consultancy.He qualified as a profes-sional accountant in 1992 and obtained his practicing license in 2002 whilst at Grant Thornton Chartered Accountants, Zambia.

He joined Baker Tilly Zambia as Audit Partner, 1st Sep-tember 2017. Prior to his appointment, he served on the Baker Tilly Zambia board as a non-executive director from 1st July 2016.

He is responsible for statutory financial audits, outsourced internal audit and information technology audits and corporate finance services. Darwin has also served in senior management roles in public accounting practice, commerce, industry and the public sector, thus: Audit Manager (Grant Thornton), Chief Finance Officer (Devel-opment Bank of Zambia), Chief Internal Auditor (ZSIC Limited), Director- Specialized Audits & Consultancy (Auditor Generals Office, Zambia),Manager-Internal Audit (Konkola Copper MinesPlc) and Head- Internal Audit (ZCCM Limited, Luanshya Division). He brings a wealth of experience to Baker Tilly.

Noah ZiumbeCA (Z) MBL

Associate Partner

He is the founder of Ziumbe and Company Chartered Accountants, now a consultant with Baker Tilly, he holds a Master of Business Leadership Degree from the University of South Africa, Honours Bachelor of Accounting Degree from the University of Rhodesia, qualified Chartered Accountant through Moss Dove Harare today’s Ernest & Young in 1980.

He is dedicated to maintaining high quality standards, with thirty-nine years in Accounting, thirty-four in Public Accounting and Auditing.

Our Partners

14

Navigating through some of the challenges we face requires team e�ort, to bring out the best in each of us. Through consistant intentional improvements of our systems it has become our culture to work together.

Audit, Accounting & Advisory

At Baker Tilly we band together towards theachievement of set goals and solving the challenges each of our clients face as a collective force. Partner with us and you willhave the pleasure of experiencing a cultureof hard work and teamwork.

Our Team

Cade ZvavanjanjaDirector, Cyber security

& forensic

Trevor SamusodzaPractice Director , | FMS

Richard MandeyaDirector of Assurance

Tapiwa Vela-MoyoSenior Tax Manager

Tariro MtasaHead Legal and Compliance

Chenai DapiTechnical Manager

Tinashe ChipinduSenior Audit Manager(Financial Services)

Victoria ShumbaRegional Business

Development Manager

Tawanda Matope Senior Audit Manager

(Internal Audit and Forensic Services)

Virginia MazingaizoSenior Audit Manager

(NGO & Public Sector Specialist)

Terrence MamvuraAudit Manager

Jethro BizamareAudit Manager

16

Our Team

Munashe NyamayaroFMS Manager

Agnes KasimaHuman Resources &

Payroll Manager

Chipo ChanaiwaSenior Manager

(IT Auditor)

Prisca MaburezaAudit Manager

Christine HulleyFinancial Services Manager

Peter C Tinorwa Business Services

Manager

Vincent Bosha Group Finance Manager

Sabina MagosvongweAssistant Audit Manager

Tapiwa MafuraAssistant Audit Manager

Kudzaiishe PemhiwaAssistant Audit Manager

Gabriel MasukaAudit Manager

Albert TakaedzwaAssistant Audit Manager

17

18

Listening Communicating Guidelines Teamwork Planning ThoroughExecution

Listening to our clients’ desired deliverables and focus on developingadequate, relevant solutions to each unique case.

Excellence High Standards Efficiency Accessibility ExcellenceExperience ExcellenceCollaboration

Clear communication and gracious handling of any concerns, complaintsor problems.

Creating suitable guidelines and standards to provide ourclientele with proactive up todate guidance and suggestions within guidelines such as INTOSAI Financial Audit Guidelines and INTOSAI Guidance on Good Governance, IPSAS: International Public Sector Accounting Standards.

Thorough team driven preparation for each assignment.

Planning and anticipating potential pit-falls in each of our client’s particular challenge.

Ensuring tasks and assignments have been thoroughly executed.

Our teams pursue excellence beyond set-goals.

Each operation is assessedagainst high performance standards.

An efficient quality assessment system whichfacilitates perpetual training,review and monitoring of our service delivery practices.

Accessibility, availability and teamwork.

Proven experts with experience and knowledge in consulting,financial analysis, audit and evaluation of projects funded by international institutions such as European Commission, World Bank, USAID, IFRS, ISAs, IFAC, UNSAS

Our experts are members of national and/or international auditinstitutions and have confirmed experience in multiple developmentprograms worldwide.

Our Key Success Factors Our Key Areas

19

Our Key Areas

CROCOMOTORS

ZIMBABWEINDEPENDENT

TARCON

SOFTWARE ZIMBABWE

DANDY

B AN K E R S A SSO C I AT I O N O F Z AM B I A

C

OMPTROLLER &

AUDIT

OR GENERAL

Ar t

Public Sector:

Private Sector:

The Company We Keep

20

Accolades

Winner2016 INTERNATIONAL ACCOUNTING BULLETIN &

THE ACCOUNT AWARDS 2016

TOP BUSINESS LEADER OF THE YEARIN THE FINANCIAL SERVICE INDUSTRY

TOP 20 OUTSTANDING ORGANASATION FORPROFICIENCY IN BUSINESS

ZIMBABWELEADERSHIPAWARDS

WINNER OF 2018 GLOBAL TRANSACTIONS ADVISORY FIRM OF THE YEAR FOR SMALL TO MIDDLE MARKETS.

* We at Baker Tilly strive for excellence in all our work and are grateful that our efforts have been recognised, as we continue to expand into new territories, in an endeavor to serve you better. *

Our Key Areas

ContactsZimbabwe: Head Office8 Fletcher Road, Mt Pleasant, Hararet: +263 4 369 730, 369 737,301 598, 301 537c: +263 772 197 768Managing PartnerCourage Matsac: +263 782 734 491 courage.matsa@bakertilly.co.zw

Bulawayo OfficeUnit 3, Napier Business Park1 Napier Avenue,Hillside,Bulawayo, Zimbabwet: +263 9 280 202Terrence MamvuraOffice Managerc: +263 772 443 148, 712 443 148terrence.mamvura@bakertilly.co.zw

Mutare OfficeFirst Floor,Standard Chartered Bank Building 97 Herbert Chitepo Street,Mutare, Zimbabwet: +263 20 60692, +263 20 64271 Office ManagerJethro Bizamarec: +263 772 692 618 jethro.bizamare@bakertilly.co.zw

Rusape OfficeRoom NO.6 Muller building22-23 Robert Mugabe StreetRusapeOffice ManagerJethro Bizamarec: +263 772 692 618 jethro.bizamare@bakertilly.co.zw

ChiredziFirst Floor ,Old Mutual House, Chilonga Drive, Chiredzit: +263 312 312 754Office ManagerAlbert Takaedzwac: +263 (773) 519 188albert.takaedzwa@bakertilly.co.zw

Botswana: Head OfficeUnit 3B Tholo Office ParkRDC Mpingo, Plot 50668 Fairgrounds, Gaborone, Botswana t: +267 391 6650, +267 391 6659 enquiries@bakertilly.co.bw sedisang.tebogo@bakertilly.co.bw Managing PartnerSamuel Njanjic: +267 755 03283 samuel.njanji@bakertilly.co.bw

Malawi: Head OfficeNo. 04 First Floor,European Business Centre (EBCZ), Plot 3/336, Mandala Road Area,Lilongwe, MalawiOffice AssistantPatricia Chitonyac: +265 997 825 088 patricia.chitonya@bakertilly.co.zw

Zambia: Head OfficeNo. 8 13 Reedbuck Road Kabulonga, Lusaka, Zambiat: +260 (211) 269 416c: +260 967 207 506,+260 955 430 655DirectorRichard Mandeyarichard.mandeya@bakertilly.co.zm

www.bakertilly.co.zw

Baker Tilly Zimbabwe

@BakerTillyCA

Baker Tilly Central Africa

Bakertilly Central Africa

Bakertilly Central Africa